RITESH MALIK,Co-founder and Managing Director, Innov8
There are three things that matter in property: location, location, location. In the real estate world, that line never gets old. Malik’s company Innov8 has rented prime real estate to build co-working spaces, including one in Connaught Place in New Delhi, one of the world’s most expensive office markets. Innov8 has eight co-working spaces in four cities, four under construction, and assets under management of 2.5 lakh square feet. Malik is a trained doctor and was expected to take over his father’s hospital. Instead, he found his calling in business, perhaps the short-term marketing course he did at the London School of Economics was the influence. He started an angel fund, Project Guerrilla, which has funded about 41 startups. Malik wants Innov8—backed by Google India MD and angel investor Rajan Anandan, Paytm’s Vijay Shekhar Sharma, and U.S.-based startup accelerator Y-Combinator—to create beautiful office spaces in a country he believes has very uninspiring offices. “If you want to motivate employees, we need to give them an environment where they can foster their productivity,” Malik says.